We are a professional services provider in Macau that engages in the provision of industrial park consultation services, business investment consultation services to clients through LIC, and sales of fintech products and services through LFT, our key operating subsidiaries in Macau. For the years ended September 30, 2023 and 2024, industrial park consultation services, business investment consultation services and fintech services were the main sources of revenue for the Group. For the year ended September 30, 2023, we finished 8 projects in industrial park consultation services and 4 projects in business investment consultation services, but the revenue from fintech business was nil. The property markets in Mainland China and Macau were under pressure: investments in the developments of office buildings and commercial business premises in 2024 dropped 9.0% and 13.9% YoY in mainland China, respectively, according to the China National Bureau of Statistics in 2024, while, the average prices per square meter for office spaces and industrial units in 2024 decreased by 21.7% and 16.9% in Macau, respectively, according to the Statistics and Census Service of Macau. The developers and investors became cautious about launching new industrial park projects in this current market situation, which caused material impact to the demand of our industrial park consultation services. As a result, for the year ended September 30, 2024, we finished 4 projects in business investment consultation services but no industrial park consultation projects. However, our fintech business grew strongly and accounted for 70.5% of our revenue for the year ended September 30, 2024. In the future, we plan to continue strengthening our industrial park and business investment consultation services, while at the same time increasing our focus and resources for our fintech products and services. ZGCL is a holding company registered and incorporated in the Cayman Islands, and we may rely on dividends and other distributions on equity paid by our subsidiaries in Macau for our cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders and to service any debt we may incur. During the years ended September 30, 2023 and 2022, there were no cash transferred between ZGCL and its subsidiaries. During the year ended September 30, 2024, ZGCL transferred HKD 150,000 to ZGM through bank account transfer for the purpose of intra group cash management. Since there are currently no limitations on the ability of ZGCL to transfer cash to or from ZGM or to investors under Macau Law, ZGCL has not established cash management policies that dictate how funds are transferred. Industrial Park Consultation Services Building on our experiences in consulting for clients from the Guangdong–Hong Kong–Macau Greater Bay Area (the “Greater Bay Area”) of China, we assist our customers in the preparation and submission of applications relating to industrial park projects to PRC government units, and negotiate with relevant government units or supervising organizations on the client’s behalf through our subsidiary LIC. Our industrial park consultation services include: (i) project development consultation service, (ii) agency service of sales and leasing, (iii) property management and financial advisory service, (iv) advisory on operation improvement service, (v) advisory on selection of suppliers/builders process service, and (vi) feasibility study report service (for compliance with investment acquisition reference). We currently focus on the pre-development stage of the industrial park consultation services.In the near future, we also intend to begin operations on post-development stage services through our subsidiary, LMS, subject to timing of industrial park projects in our project chain. Business Investment Consultation Services Our business investment consultation services are divided into mergers and acquisitions consultation services and administrative services. For our investment brokerage consultation services, we mainly assist our clients in acquiring a stake in specific investments which is normally in the form of equity ownership. We primarily target high net worth individuals, corporations, and professional investment institutions in Macau, Hong Kong, Southeast Asia, and other regions. These clients generally have a positive outlook on the economic development prospects of the Greater China region, especially in mainland China, and are seeking investment opportunities in equity and project investments in mainland China, Hong Kong, and Macau. Through LIC, we assist clients to acquire stakes in investment opportunities, typically in the form of equity ownership. We engage third-party seasoned professionals to advise us on transaction structure, and to provide legal and compliance support to navigate regulatory landscapes in cases of need, to enable us to perform our registration services in a prudent manner. As of the date of this prospectus, we have received all requisite permissions or approvals from the Macau authorities to operate our businesses in Macau, and we are not required to obtain any permissions or approvals from any Chinese authorities. We don’t engage in consultation on securities trading and as such we are not required to apply for financial service licenses, and do not provide services such as research report or financial advisory services. We currently provide administrative services to Ione Group, a shareholder of the Company. Our administrative services include handling and managing corporate documents, maintaining and updating corporate changes and registrations, providing registered offices, and filing income tax returns. We provide a set of integrated administrative services (stand-ready obligations) over a fixed period, with the customer having no explicit limit on the use of services within this period. According to our agreement with Ione Group, the customer is required to pay a monthly fee for administrative services. In practice, the Company issues invoices to customer on a quarterly basis for these services, consolidating three months of fees into one invoice and payment is due from the date of billing. The customer pays before the end of the quarters. Fintech Products and Services We believe that fintech products, with potential integration with AI, will offer us a large and promising development opportunity in terms of demand and market potential. By integrating consulting services with fintech services, we can differentiate ourselves from competitors and establish a higher brand value in the industry. We have devoted resources into developing our fintech business since the second half of 2023, and signed a fintech services contract with our first customer in January 2024. From January 2024 to August 5, 2024, our fintech business consists of acting as an intermediary distributor of products offered by our supplier, Guo Yan Innovation Technology (Macau) Co. Ltd. (“Guo Yan”). We did not pay any fees to our supplier, and received commission based on successful engagements with clients. We typically entered into distribution agreements with our supplier, Guo Yan, and then engaged the client directly. We then issued invoices to the client, and received a portion of the end payment from the client as commission, while the remaining portion was provided to the supplier for their fees. On August 5, 2024, we acquired ownership of a set of fintech platform products consisting of 2 fintech platforms and 6 AI models (the “Acquired Fintech Products”) from our supplier, Guo Yan, that analyses customer credit risk and customer consumption behaviors. Currently, our fintech business include selling the Acquired Fintech Products, and we intend to continue acting as an intermediary distributor for other fintech products offered by our supplier, Guo Yan, as well as other future potential suppliers. As part of our upcoming strategy, we plan to further develop proprietary fintech solutions and platforms aiming at banking and financial industries, potentially integrated with AI, through our subsidiary LFT and based on our existing resource network. In the future, we plan to acquire fintech solution companies and/or further expand our fintech services business by recruiting technical staff with relevant experience in fintech development. We believe that fintech services business will eventually become one of the largest business segments for our Company in the future. Our principal executive office is located in Macau.
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- Digital Transformation Consulting: Zenta provides expert guidance to businesses in integrating digital technology into all areas, fundamentally changing how they operate and deliver value.
- Cloud Computing Solutions: The company offers end-to-end cloud services, including strategy, migration, infrastructure management, and optimization across various cloud platforms.
- Cybersecurity Services: Zenta delivers comprehensive cybersecurity solutions to protect digital assets, identify vulnerabilities, and ensure compliance and threat response for its clients.
- Data Analytics & AI: They specialize in leveraging data science, machine learning, and artificial intelligence to extract actionable insights and automate processes for improved business intelligence.
- Managed IT Services: Zenta provides outsourced management and support for IT infrastructure and operations, ensuring system stability, efficiency, and continuous improvement for clients.
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I was unable to find a publicly traded company with the name "Zenta" and stock symbol "ZGM" for which detailed customer information is readily available in public databases or financial reports. It is possible that the company name or symbol is hypothetical, or refers to a private or extremely niche entity without widespread public information on its customer base.
Therefore, I cannot identify its major customers or categorize its customer base as requested.
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Wai Ian Ng, Chairman of the Board and Chief Executive Officer
Mr. Wai Ian Ng is the founder, Chairman of the board, and Chief Executive Officer of Zenta Group Company Limited, having served as a Director since March 30, 2023. He brings 17 years of experience in business management and technology investment. Prior to founding the Company, he was an IT Specialist at Luso International Banking Ltd., Macau (2003-2005) and Wynn Resorts (Macau), S.A. (2005-2008). Mr. Ng founded UO Electronic Information Limited, serving as General Manager from 2008 to 2012, and later founded China Oriental (International) Limited, where he was Chairman from 2013 to 2023. He also founded Zenta Macau in 2019.
Fong Hang Ieong, Chief Financial Officer
Fong Hang Ieong serves as the Chief Financial Officer of Zenta Group Company Limited.
Weng Seng Sou, Director and Chief Operating Officer
Mr. Weng Seng Sou is the co-founder, Director, and Chief Operating Officer of Zenta Group Company Limited. He possesses over 10 years of experience in the industrial park industry. Previously, he co-founded and served as General Manager of T & T Investment Planning Company Limited from 2014 to 2023, and was a Director of Zhuhai Dakang Private Equity Management Company Limited from 2021 to 2023.
Charles Ng Chak Keung, Independent Director
Mr. Charles Ng Chak Keung is an Independent Director of the Company. He is recognized as an entrepreneur, tech investor, and community leader, with investments in various tech companies, including unicorns such as Databricks, Ironclad, and Mammoth Biosciences. He has also served as chair of the audit committee of Vimicro (Nasdaq: VIMC) and as an advisor to entities like SK Telecom, ZGC Innovation Center, and Futurewei. Mr. Ng recently co-founded the World Leading Scientists Institute (WLSI).
Edward Sit Ying Wah, Independent Director
Mr. Edward Sit Ying Wah is an Independent Director of Zenta Group Company Limited, bringing over 13 years of experience in the financial sector. His previous roles include Director at ABN Amro Bank NV (2011-2017), Vice President at HKEX (2017-2020), Executive Director at Raffles Family Office (2020-2021), and CFO of IPification (2021-2022). Prior to joining Zenta, he was the Managing Director of ARC Group from 2022 to 2023.
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The addressable markets for Zenta's (ZGM) main products and services are identified for the regions of China (including Macau) and Southeast Asia.
Consultation Services (Industrial Park Consultation and Business Investment Consultation)
Zenta provides industrial park consultation and business investment consultation services. These services fall under the broader category of management consulting.
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China (including Macau): The management consulting services market in China is estimated to be USD 22.19 billion in 2025 and is projected to reach USD 39.11 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.0% during this period. [cite: 1_2nd_search_10] Another estimate places the management consulting market size in China at USD 39.2 billion in 2024. [cite: 1_2nd_search_11]
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Southeast Asia: The consulting services market in Southeast Asia is valued at USD 11.26 billion in 2025 and is projected to reach USD 15.86 billion by 2030, reflecting a CAGR of 7.10%. [cite: 1_2nd_search_9] Other analyses indicate the market is valued at USD 10.51 billion in 2025, projected to exceed USD 18 billion by 2033 with a CAGR of 7.10%. [cite: 1_2nd_search_15]
Fintech Products and Services
Zenta is also engaged in the sales of fintech products and services.
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China (including Macau): The fintech market size (revenue) in China is valued at USD 51.28 billion in 2025 and is projected to climb to USD 107.55 billion by 2030, with a CAGR of 15.97%. [cite: 1_2nd_search_5_2nd_search, 1_2nd_search_7_2nd_search] In terms of transaction value, the China Fintech Market was valued at USD 4.20 trillion in 2024 and is expected to reach USD 13.49 trillion by 2032. [cite: 1_2nd_search_3_2nd_search]
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Southeast Asia: The digital financial services (DFS) revenues in Southeast Asia reached US$33 billion in 2024, showing a 22% increase from US$22 billion in 2022. [cite: 1_2nd_search_3] Digital lending was the largest revenue driver within this sector, reaching US$22 billion and accounting for 65% of all DFS revenue in 2024. [cite: 1_2nd_search_3] Separately, the ASEAN fintech market (revenue) is projected to reach USD 16.7 billion in 2025 and an estimated USD 66.4 billion by 2033, growing at a CAGR of 18.8%. [cite: 1_2nd_search_6] The overall fintech market volume in Southeast Asia reached $907 billion in 2024 and is set to surpass $1.073 trillion in 2025. [cite: 1_2nd_search_4, 1_2nd_search_5]
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Here are 3-5 expected drivers of future revenue growth for Zenta Group Company Limited (ZGM) over the next 2-3 years:
- Expansion of Fintech Products and Services: Fintech services constituted a significant portion of Zenta's revenue in fiscal year 2024 (70.5%), driven by client demand for data analytics and risk management solutions. The company offers AI and big data-powered solutions for credit risk analysis and consumer behavior insights, including both intermediary distribution and direct provision of proprietary analytics platforms. The rapidly expanding Asia-Pacific fintech sector, projected to reach over $310 billion by 2029, positions Zenta to capitalize on this growth.
- Geographic Expansion: Zenta Group, currently rooted in Macau and the People's Republic of China, has outlined plans for expansion into Southeast Asia through strategic partnerships and acquisitions. This move is expected to extend its reach in both fintech and industrial advisory services, opening new markets for revenue generation beyond the Greater Bay Area. The company also intends to use IPO proceeds for business expansion in Macau, Hong Kong and Southeast Asia.
- Growth in Industrial Park and Business Investment Consultation Services: Zenta Group provides consultation services for industrial park development and business investment. There is a rising demand for comprehensive advisory services for industrial parks that align with green development, sustainability, and smart operations. Furthermore, China's investment consultation sector is undergoing rapid evolution, presenting a positive outlook for mid- to long-term growth for these services.
- Leveraging Proprietary Fintech Platform: The company's ownership of a proprietary fintech platform for credit risk analysis and consumer behavior insights is a significant asset for its expansion strategy. Further development, enhancement, and broader adoption of this AI and big data-powered platform are anticipated to be key drivers of future revenue growth.
- Strategic Partnerships and Acquisitions: Zenta Group's strategy includes expanding its presence through partnerships and acquisitions, particularly within Southeast Asia and in the fintech and industrial advisory sectors. Additionally, its business investment consultation services involve assisting high-net-worth individuals and institutions in acquiring equity stakes in various ventures, including industrial park projects, private equity firms, and technology companies, which can directly and indirectly contribute to revenue growth.
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Share Issuance
- Zenta Group (ZGM) completed its Initial Public Offering (IPO) on September 9, 2025, offering 1,500,000 ordinary shares at $4.00 per share, raising $6 million in gross proceeds.
- On October 8, 2025, the underwriters fully exercised their over-allotment option, purchasing an additional 225,000 ordinary shares at $4.00 per share, which generated an additional $900,000 in gross proceeds.
- Following the over-allotment exercise, the total gross proceeds from the IPO increased to $6.9 million, with a total of 1,725,000 ordinary shares sold.
Inbound Investments
- The company's primary inbound investment over the last three to five years was its Initial Public Offering (IPO) in September and October 2025, which raised a total of $6.9 million in gross proceeds from public investors.
Capital Expenditures
- Historically, Zenta Group reported minimal or no significant capital expenditures in the periods leading up to its IPO, with figures often listed as "n/a" or "-" in cash flow statements for fiscal years 2022, 2023, 2024, and TTM March 2025.
- Proceeds from the 2025 IPO are earmarked for business expansion in Macau, Hong Kong, and Southeast Asia, as well as developing fintech operations, supporting brand development, and providing working capital.
